I’m only rich because I know when I’m wrong.
GEORGE SOROSWhen a long-term trend loses it’s momentum, short-term volatility tends to rise. It is easy to see why that should be so: the trend-following crowd is disoriented.
More George Soros Quotes
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The prevailing wisdom is that markets are always right. I take the opposite position. I assume that markets are always wrong.
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In politics, manipulating reality can take presidence over finding reality.
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The collapse of the global marketplace would be a traumatic event with unimaginable consequences. Yet I find it easier to imagine than the continuation of the present regime.
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I am not well qualified to criticize the theory of rational expectations and the efficient market hypothesis because as a market participant I considered them so unrealistic that I never bothered to study them.
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It is credit that matters, not money (in other words, monetarism is a false ideology).
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I fancied myself as some kind of god or an economic reformer like Keynes.
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Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.
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When a long-term trend loses it’s momentum, short-term volatility tends to rise. It is easy to see why that should be so: the trend-following crowd is disoriented.
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If investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring.
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Misconceptions play a prominent role in my view of the world.
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The world order needs a major overhaul.
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If we care about universal principles such as freedom, democracy and the rule of law, we cannot leave them to the care of market forces; we must establish some other institutions to safeguard them.
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If we carry this line of argument to its logical conclusion, the meaning of life consists of the flaws in one’s conceptions and what one does about them. Life can be seen as a fertile fallacy.
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There is no point in being confident and having a small position.
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The financial markets play an active role in determining what’s going to happen, how the economy is going to function.
GEORGE SOROS